Kujira πŸ‰ Profile picture
A decentralized ecosystem for protocols, builders and web3 users seeking sustainable FinTech πŸ‹ https://t.co/yrtWJ3nQ25 $KUJI $USK
Jul 26 β€’ 18 tweets β€’ 7 min read
It's here. Kujira v2 has arrived 🐳

Let's dig in, take a look round, and show you why we're so incredibly excited about what this means for the vision and future direction of Kujira πŸ‘‡ Image Let's start at the beginning. Kujira exists to create a modern, accessible, and fair financial ecosystem for everyone.

Over the last 3 years, that ecosystem has grown from liquidations on ORCA, a fully on chain orderbook exchange on FIN, decentralised market maker BOW, over collateralised stable coin USK, borrowing and lending with GHOST, our fair launch protocol PILOT, as well as all of the pieces that allow the chain to run - Governance, Staking, Bridging
May 19, 2023 β€’ 9 tweets β€’ 2 min read
GM Kujirans πŸ’™

In the interest of transparency, we would like to explain an issue that occurred this morning and the steps we have taken to prevent this happening again πŸ‘‡ GHOST and $USK rely on an external price feed, provided by validators via our price-feeder

For the $KUJI price, we use the MexC API to fetch off-chain data which is then TWAP-ed. That price is fed on-chain and used to calculate loan health.
Apr 27, 2023 β€’ 8 tweets β€’ 4 min read
We have open up the short markets on GHOST for all $USK collateral assets πŸ‘»

ghost.kujira.app/borrow?groupBy…

Say you borrow $OSMO against $USK, you'd typically look to sell it, then hopefully buy it back later when it's lower to repay your debt & clear a profit. Hence shorting.

1/8 Image To borrow $OSMO against $USK, you'd go to this GHOST vault πŸ‘‡

ghost.kujira.app/borrow/kujira1…

This means you are using $USK as collateral to take out a loan of $OSMO. Lending always has the potential for liquidation, and that's where ORCA steps in.

2/8
Jan 5, 2023 β€’ 8 tweets β€’ 5 min read
πŸ“’ The Senate update πŸ“’

- Applicants requiring KeyBase info
- Approximate ETA for voting
- How the voting process will work

Thank you for your patience with this, it's time to give you an update so that we're all clear on the next steps πŸ‘‡ Currently, we are waiting for 4 individuals to get back to @KujiPeruggi or @Thuxo_Lux on Discord, Twitter, or Telegram regarding KeyBase information πŸ’™

⚠️ If you are running for The Senate and you know you haven't provided KeyBase information, please check these channels!
Nov 21, 2022 β€’ 4 tweets β€’ 2 min read
πŸ“’Publishing the Weekly Roundup: Ep.12πŸ‘‡

medium.com/team-kujira/we…

Written by @KujiPeruggi

Continue reading below for a summary of the main pointsπŸ”₯ - @CALC_Finance live on Kujira mainnet, DeFi manifesto published

- 1-year anniversary party, fire merch!

- The Senate update

- BOW UI tease and effect on Price Action
Nov 21, 2022 β€’ 13 tweets β€’ 4 min read
Hey all, we didn't want to put out any 'official statement' because these Twitter things only ever cause further division, but due to the request of a few community members we will address a few points, particularly around @stablechen's Tweet as it was at least sensible. Before that, it's important to clarify that our position has been identical for over a year now, & absolutely nothing has changed. We have always been clear & transparent about everything we do at Kujira, including open / closed source.

Below with the answers to some questions.
Sep 12, 2022 β€’ 8 tweets β€’ 6 min read
πŸ“’πŸ“’ The time has come to launch $USK and #ORCA.

We want to say a special thank you to our community. We're honestly blown away by all the support πŸ™Œ

Here is a 🧡 that will guide you through the new stablecoin minting & liquidation bidding process πŸ‘‡

1/8
You can now use $ATOM as collateral to MINT $USK here blue.kujira.app/mint πŸ‘ˆ

USK stablecoin mechanics bit.ly/3RQXkTy πŸ‘ˆ

A video by @YieldLabs explaining how to mint $USK

(simply switch $DEMO with $ATOM here and move to MainNet) πŸ‘ˆ

2/8
Jun 17, 2022 β€’ 5 tweets β€’ 2 min read
πŸ“’ The time has come to give Cosmos' first Layer 1 decentralized, permissionless, 100% on-chain order book style token exchange a bit of a spin πŸ₯³

Everyone that is staking $KUJI on TestNet has been airdropped 10K $DEMO tokens to trade with.

Short 🧡 on the details πŸ‘‡

1/5
You can trade the $KUJI <> $DEMO pair here fin.kujira.app/trade/kujira1s… πŸ‘ˆ

Initially, during the bootstrapping phase, only limit orders can be placed. After about 30 mins, the bootstrapping phase will end, and market orders can be placed ⚑️

2/5
Jun 3, 2022 β€’ 4 tweets β€’ 1 min read
πŸ“’ Hey all, some good news & dates πŸ‘‡

We are targeting Monday 13th for public testnet. This will include the genesis snapshot from Terra, so you can check balances and test the migration process in a safe environment 🏦

1/4
We'll also have some demo markets open on FIN, with some selected partners and some of our own bots driving trading volume and stress testing the network βš’οΈ

You will also be able to place buys and sells and get a feel for this beast ⚑️

2/4
Apr 16, 2022 β€’ 4 tweets β€’ 1 min read
We keep getting asked about our APR for the $sKUJI revenue pool here blue.kujira.app/earn/skuji/bond πŸ‘ˆ

Just 3 days ago, the amount of $bLUNA in this pool doubled overnight. It's impossible to calculate an APR, but this is a very good thing πŸ‘‡

1/4
We don't print a single token to give away rewards. These are real earnings from actual revenue, and sustainable forever πŸ“ˆ

Imagine being in a pool where the rewards can double in 1 day, rather than relying on inflationary rewards that only dilute things long term πŸ’€

2/4
Apr 11, 2022 β€’ 5 tweets β€’ 2 min read
πŸ“’ GM you cheeky whalers πŸ‹

We're rewarding bidders with another (total) 100K $sKUJI for bidding with $aUST in the new $bATOM market on ORCA πŸ’°

All the details are here teamkujira.medium.com/bond-bid-and-w… πŸ‘ˆ

Here's a summary 🧡 too πŸ‘‡

1/5
To earn your share, you need to do just two things:

1. Place a bid, using $aUST, on the $bATOM market on ORCA here orca.kujira.app/markets/terra/… βš›οΈ

2. Own some $sKUJI (by bonding $KUJI here) blue.kujira.app/earn/skuji/bond 🏦

Do both those things BEFORE 12pm UTC on 13th April 2022.

2/5
Apr 4, 2022 β€’ 10 tweets β€’ 3 min read
πŸ€– You will now see markets labelled "Bot First Market" in the markets section of ORCA here orca.kujira.app πŸ‘ˆ

These allow bidders to participate in liquidations for markets which still use the old 'fastest finger first' mechanism 🀞

🧡 on how this works below

1/10 We have our own liquidation bots running that use the funds in the liquidation queue.

When our bot wins a liquidation, the bids are used just as they are currently. Evenly distributed from lowest to highest premium as per current Anchor markets.

2/10
Mar 9, 2022 β€’ 8 tweets β€’ 3 min read
πŸ“’ Can't be more thrilled to announce our multi-purpose, plug & play & configurable liquidation queue for all CosmWasm chains has passed audit by @TerraSCV.

assets.kujira.app/kujira-orca-au… ⚑️

cosmwasm.com/#partners

A 🧡 on the frankly insane potential πŸ‘‡

1/8
In short, any lending market on any CosmWasm chain can almost instantly use our liquidation queue + ORCA to handle their liquidations in a democratised way, allowing their communities to participate in bidding for liquidated collateral on their markets πŸ’₯

Features below πŸ‘‡

2/8
Mar 9, 2022 β€’ 4 tweets β€’ 2 min read
πŸ“’ Kujira is now running 100% on our own infrastructure, with no reliance on the #Terra LCD πŸ”Œ

This makes the Terra ecosystem more stable, & keeps our apps functioning for our users in the case of a more widespread issue πŸ› οΈ

A 🧡 to unpack this a bit πŸ‘‡

1/4
We have 296k unique visitors and 1.3m page views across our apps every month. To date we've been both reliant, and a load on TFL's infrastructure πŸ“ˆ

The recent overload of this centralised system has galvanised us to provided dedicated infra for those that use our apps.

2/4
Mar 1, 2022 β€’ 4 tweets β€’ 3 min read
πŸ“’ $sKUJI is now live πŸš€

Existing / migrated stakers will now see the underlying assets that make up their $sKUJI here blue.kujira.app 🀲

New stakers can now bond their fresh $KUJI here blue.kujira.app/earn/skuji/bond πŸ’°

A short 🧡

1/4
The good peeps at @astroport_fi have facilitated a KUJI <> sKUJI pool which can be tracked here coinhall.org/charts/terra/t… πŸ‘ˆ

Arbitrage degens get in 🦾

You can add liquidity here blue.kujira.app/earn/KUJI-sKUJ… πŸ‘ˆ

$KUJI <> $sKUJI can be traded here blue.kujira.app/swap πŸ”ƒ

2/4
Feb 27, 2022 β€’ 5 tweets β€’ 2 min read
πŸ“’ Happy Sunday peeps. A short but important 🧡 about next week.

PLEASE don’t forget to migrate from our governance pool to our $sKUJI protocol revenue pool before March 1st πŸ€–

All details here teamkujira.medium.com/introducing-sk…

1/5
Today we withdrew another 7k from $aUST fees, and the total in the protocol revenue pool is now at around 111k $UST worth of apex assets πŸ‘‡πŸ»

apeboard.finance/dashboard/terr…

Every cent goes to our stakers. New stakers can bond $KUJI to $sKUJI after 1 March πŸ‹

2/5
Feb 14, 2022 β€’ 8 tweets β€’ 3 min read
πŸ› οΈ Important dev update for this week peeps.

It's going to be a massively important few weeks for Kujira, so here is a 🧡 so everyone is kept well up to date.

1/8
CROSS-CHAIN: liquidation contracts for cross-chain markets are WELL underway, meaning we will be able to quite easily ship to markets on any EVM chain (ETH, BSC etc).

UI and backend work for our first cross-chain market has begun. Super exciting news coming soon ⚑️

2/8
Feb 4, 2022 β€’ 10 tweets β€’ 4 min read
πŸ“£ The wait is over folks. You can now use aUST to bid on ORCA, and earn interest while bids are waiting to be hit πŸ’₯

Go and get it orca.kujira.app πŸ’°

Here's a 🧡 on what you will see and how it works:

1/10 Placing a bid is initially done in the same way as with UST bids. You simply need to select aUST from the bid amount dropdown selector πŸ–±οΈ

After selecting the premium that you're targeting, we move to the next screen which is unique to aUST bids πŸ€›

2/10
Jan 31, 2022 β€’ 11 tweets β€’ 4 min read
πŸ“’ The premium dashboard has arrived good people 🀩

The insane amount of data we've indexed and built up over ~ 4 months are now ready for your strategic pleasure πŸ’Ή

So, here is a 🧡 about this dashboard, that can be found here orca.kujira.app/dashboard πŸ‘ˆ

1/11 5000 staked $KUJI tokens gets you access to the full dashboard, but all users will see a summary of all liquidations, a market indicator showing liquidation likelihood, & details of the most recent liquidation event πŸ“°

Stake here blue.kujira.app/earn/kuji/stake πŸ’Έ

2/11 Image
Jan 9, 2022 β€’ 6 tweets β€’ 2 min read
β˜•οΈ Right, here's another short 🧡 about the latest liquidation event, and some other stuff we feel you should know.

The TLDR is;

1) 8th Jan 4.9m was spent buying cheap $bLUNA and $bETH.

2) Not staking $KUJI might be insanity.

3) aUST bids are coming for ORCA.

1/6
8th Jan between 15:00 and 19:30 UTC time:

- 351 loans got liquidated
- 6.85m $UST bought 111k bLUNA
- 153kUST bought 52.7 bETH
- lowest $bLUNA price: $58.9
- lowest $bETH price: $2833

At the current $LUNA price that means a 24% discount on $LUNA in a matter of hours πŸ’°

2/6
Jan 7, 2022 β€’ 4 tweets β€’ 2 min read
πŸ“’ Back again with another stats summary from liquidations 7th Jan 03:25 -> 04:40 UTC:

- 225 loans were liquidated
- cheapest $bLUNA: $64.1
- cheapest $bETH: $2956
- $3.9m bought 58.9k $bLUNA @ $66.59
- $1m bought 349 $bETH @ $3013

More in 🧡 below. 1/4 At the current $LUNA price, this meant almost a 10% flash discount on $LUNA for some ORCA users.

This is the important thing about ORCA. You get these discounts in minutes, and the price tends to bounce right away πŸ’Έ 2/4